Fasisat valuation reaches $1 billion in Japanese funding round betting on AI in financial settlements
Fintech platform Fasisat, based in the UAE, raised $68 million in a Series C round led by Japan's SBI Group with participation from Speedinvest, bringing the company's valuation to $1 billion and officially joining the billionaire club. This round follows a prior $51 million round closed in May 2026, taking the total raised this year to $119 million and pushing cumulative funding since founding past $150 million.
The platform was founded in 2019 by Mohamed Rafi' Hussein and Daniel Ahmed and operates as a digital bank that uses stablecoins and artificial intelligence to enable individuals and institutions to receive, hold, transfer, spend and invest assets and currencies. Its operational activities rely on its organized financial network, called Own Network, which connects banks, telecom companies, liquidity providers and payment services through more than 100 international banking corridors.
The company aims to channel new liquidity to expand its infrastructure and increase investment in agentic AI systems dedicated to banking settlements, stablecoins and tokenized digital assets. The platform uses AI algorithms to automatically route financial transactions through payment paths, currencies and liquidity providers, based on equations that calculate cost, speed and availability in real time.
The bet here does not stop at building a new digital interface atop the traditional banking infrastructure, but seeks to redesign the settlement pathways themselves so that value moves across borders with efficiency comparable to data flow.Company data shows it is currently processing an annual transaction volume exceeding $40 billion, serving more than three million digital wallets across 125 countries, as well as over a thousand institutions and companies worldwide, backed by licenses and regulatory frameworks in the Gulf Cooperation Council markets, Asia and Europe.
The Japanese group's leadership of this round fits a strategic move to link the Asia-Pacific region with the Middle East and Africa, leveraging a banking transfers network that spans roughly 200 countries. The platform asserts that routing payments between any two assets is no longer merely a technical option but a step toward eliminating exclusive reliance on costly, slow traditional banking messaging networks.
This shift directly impacts companies and banks in the Gulf, Egypt and the Arab Levant, opening cross-border settlement channels for finance teams and emerging firms that are fully managed by AI agents and stablecoins. The model reduces the cost of commercial transfers and currency trading between emerging and Asian markets, and compels local financial institutions to accelerate linking their infrastructure to self-routing protocols to avoid losing liquidity flows and corporate accounts to licensed digital networks that surpass traditional intermediaries.